© Reuters
By Liz Moyer
Investing.com — Stocks were rising as tech tries to lift the blue chips as bank fears fade. Here are the midday movers for March 30.
- EVgo Inc (NASDAQ:) shares rose 24% after the operator of fast-charging stations for electric vehicles better-than-expected revenue for the fourth quarter.
- Bed Bath & Beyond Inc (NASDAQ:) shares fell 24% after the struggling home goods retailer provided disappointing preliminary numbers and announced plans to sell $300 million of common shares as it tries to avoid bankruptcy.
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Roku Inc (NASDAQ:) shares fell 4.4% after the streaming platform said it would cut 200 jobs or about 6% of its workforce and exit some of its office space.
- Starbucks Corporation (NASDAQ:) shares rose 0.2% after shareholders of the coffee retailer voted to approve a proxy measure that calls on it to get an independent report on its commitment to worker rights.
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Charles Schwab Corp (NYSE:) shares fell 5% after Morgan Stanley downgraded the brokerage firm to Equal-weight from Overweight citing uncertainty. Customers are moving money from its sweep accounts into money market funds.
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